There are just too many variables to Ithaca shotguns to be able to give you a estimated value. If you go to the shotgun message board at Antique Guns you can find some true Ithaca experts. Be prepared to tell them EVERYTHING that is marked on the gun and WHERE it is marked. You will need to remove the forestock and barrels to find marks on the flats of the receiver and bottom of the barrel. Also, give the condition as a percent of ORIGINAL finish remaining, and either fully describe the engraving or give a link to photos.
You really need to give more information to get a good answer. If this is a double barrel shotgun, sn 272839 is what is called a Flues model invented by Emil Flues, introduced in 1908 and produced through 1926. It was offered in five gauges and 11 different grades and the value of the gun depends on the condition, grade, features, and, to a degree, the gauge. If you want a reasonable estimate of the value, have the gun appraised by a reputable gun smith or Ithaca collector.
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